Implications of Barclays exit on Africa as investment destination

The British bank Barclays has had operations in parts of Africa for a century.

The UK lender has a 62.3 per cent share in its African operations — 1,267 branches across 12 African countries, including Kenya, Ghana, Tanzania, Mozambique and Uganda. Barclays Africa is the entity that controls these operations, and it holds a 68.5 per cent stake in Barclays Bank of Kenya (BBK).